November 26, 2025 - Klecha & Co., an independent pan-European investment bank specialised in the tech sector, acted as financial advisor to the shareholders of Iconsulting S.p.A. on the sale of a majority stake to Stirling Square Capital Partners (“Stirling Square”), a leading pan-European mid-market private equity firm.
Iconsulting is Italy’s largest independent specialist in data management and analytics, serving more than 200 enterprise clients with a team of around 500 highly skilled professionals, delivering double-digit revenue growth and industry-leading EBITDA margins.
Founded in Bologna by Federico Ravaldi and Simone Fiocchi, the Company provides customised end-to-end data management solutions – from architectural design to platform implementation, up to business intelligence and advanced analytics layers – supporting the data-driven transformation journeys of major Italian and international organisations. Iconsulting also offers artificial intelligence services, developing complex engines operating on the data platforms it builds.
The founders of Iconsulting will retain a 42.5% minority stake, and a broad group of managers will become shareholders of the Company. Leveraging the newly announced partnership, Iconsulting will accelerate its international expansion with the ambition of becoming the European leader in data and artificial intelligence services.
Klecha & Co. acted as financial advisor to the selling shareholders with a team led by Managing Partner Stephane Klecha. The transaction announced today confirms the growing interest of private equity in the Italian tech sector and reinforces the Klecha & Co.’s leadership in the Data & AI space, where it has developed a unique expertise within the European landscape.